Intech Investment Management LLC Decreases Stake in Bank OZK $OZK

Intech Investment Management LLC lessened its stake in Bank OZK (NASDAQ:OZK) by 73.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 25,099 shares of the company’s stock after selling 69,370 shares during the quarter. Intech Investment Management LLC’s holdings in Bank OZK were worth $1,155,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Level Four Advisory Services LLC boosted its stake in shares of Bank OZK by 1.4% in the 3rd quarter. Level Four Advisory Services LLC now owns 16,816 shares of the company’s stock valued at $857,000 after buying an additional 231 shares during the period. Cardinal Capital Management boosted its stake in shares of Bank OZK by 0.6% in the 4th quarter. Cardinal Capital Management now owns 48,979 shares of the company’s stock valued at $2,254,000 after buying an additional 277 shares during the period. Cornerstone Wealth Management LLC boosted its stake in shares of Bank OZK by 4.5% in the 4th quarter. Cornerstone Wealth Management LLC now owns 6,403 shares of the company’s stock valued at $295,000 after buying an additional 278 shares during the period. Savant Capital LLC boosted its stake in shares of Bank OZK by 0.6% in the 3rd quarter. Savant Capital LLC now owns 51,800 shares of the company’s stock valued at $2,641,000 after buying an additional 323 shares during the period. Finally, Bayforest Capital Ltd boosted its stake in shares of Bank OZK by 100.5% in the 4th quarter. Bayforest Capital Ltd now owns 766 shares of the company’s stock valued at $35,000 after buying an additional 384 shares during the period. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Analyst Ratings Changes

OZK has been the topic of several research analyst reports. Morgan Stanley raised their target price on Bank OZK from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. Weiss Ratings lowered Bank OZK from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Wall Street Zen raised Bank OZK from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Wells Fargo & Company raised their target price on Bank OZK from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Monday, March 30th. Finally, UBS Group initiated coverage on Bank OZK in a research report on Tuesday, April 7th. They set a “neutral” rating and a $48.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $56.89.

Bank OZK Price Performance

Shares of NASDAQ OZK opened at $49.60 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.00 and a current ratio of 1.00. Bank OZK has a fifty-two week low of $42.37 and a fifty-two week high of $53.66. The firm has a market capitalization of $5.55 billion, a PE ratio of 8.08 and a beta of 0.90. The stock’s 50-day simple moving average is $47.67 and its 200-day simple moving average is $47.24.

Bank OZK (NASDAQ:OZK) last issued its earnings results on Tuesday, April 21st. The company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.02). Bank OZK had a return on equity of 12.32% and a net margin of 25.27%.The business had revenue of $424.32 million for the quarter, compared to analyst estimates of $422.62 million. During the same period last year, the business posted $1.47 EPS. Bank OZK’s revenue was up 2.2% on a year-over-year basis. As a group, equities research analysts forecast that Bank OZK will post 6.02 EPS for the current fiscal year.

Bank OZK Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 20th. Investors of record on Monday, April 13th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Monday, April 13th. Bank OZK’s dividend payout ratio (DPR) is currently 30.62%.

About Bank OZK

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.